First factors assesses a service charge of 3 of the amount
Pinkston Textiles decides to sell $600,000 of its accounts receivable to First Factors Inc. First Factors assesses a service charge of 3% of the amount of receivables sold. Prepare the journal entry that Pinkston Textiles makes to record this sale.
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pinkston textiles decides to sell 600000 of its accounts receivable to first factors inc first factors assesses a
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